MIRAMAR, Fla. - Bucking the trend of federal credit unions that have converted to state charters for increased regulatory flexibility, Eastern Financial FCU, one of the largest CUs in the U.S. and the third largest in Florida, has applied with the Florida Division of Banking because of competition with other...

OVERLAND PARK, Kan. - The U.S. Central Board has approved $15 million in capital for its Corporate Network eCom subsidiary. According to U.S. Central, the commitment was based on member feedback calling for more options in the realm of bill payment. Corporate Network eCom has two core products: Member Gateway,...

Chartway Federal Credit Union, Virginia Beach, Va., has raised more than $16,000 for the American Cancer Society. This year, more than 60 employees participated in the 1st Annual Elizabeth River Relay for Life. In addition, since January, employees started organizing fundraisers that included doughnut and bake sales, raffles, silent-auctions and...

VANCOUVER, B.C.- Two of the largest employee-based credit unions here -Van Tel CU and Vancouver Safeway Employees Credit Union-are discussing a possible merger. According to Vancouver Safeway CEO Bob Luxford, since the branches of the credit unions complement each other, members will enjoy better delivery options and a wider range...

MADISON, Wis. - World Council of Credit Unions celebrated its 30th anniversary as the world's leading advocate and development agency for credit unions. Incorporated in 1971 and previously known as the CUNA World Extension Department, WOCCU at its formation consisted of three national confederations including the U.S., Australia and Canada,...

MINNEAPOLIS - Prime Alliance Solutions, a joint-venture between IT firm Dexma Inc. and the $4 billion Boeing Employees' Credit Union, has launched a mortgage technology solution geared for small and mid-sized credit unions. Known as Prime Alliance Lite, the Net-based system enables these sized credit unions to originate loans via...

ALEXANDRIA, Va.-Even though nearly all the issues addressed at the July NCUA Board meeting were very significant to the credit union industry, the meeting ran as smoothly as any of the others this year. During the meeting, the NCUA Board members approved unanimously every single item that came before them,...

NORTHVILLE, Mich. - It's happened again. Add Michigan to the growing list of states that have enacted legislation providing a mechanism for state-chartered credit unions to convert to mutual thrifts. Less than two weeks after the Rhode Island state legislature passed similar legislation (CU Times, July 25), the Michigan House...